Loans Payable (Tables)

6 Months Ended

Jun. 30, 2020

Debt Instruments [Abstract]

Schedule of Loans Payable

Information on the Company’s Loans payable as of June 30, 2020 and December 31, 2019 is as follows:

Description	June 30, 2020
	GR Property			FM Property			CO Property			DST Properties			Buchanan Property			Total
Principal amount of loans	$	4,500,000		$	21,000,000		$	26,550,000		$	22,495,184		$	9,600,000		$	84,145,184
Less: Deferred financing costs, net of accumulated    amortization of $119,494		(57,584	)		(157,635	)		(212,517	)		(290,382	)		(85,184	)		(803,302	)
Loans payable, net of deferred financing costs and amortization	$	4,442,416		$	20,842,365		$	26,337,483		$	22,204,802		$	9,514,816		$	83,341,882
Description	December 31, 2019
	GR Property			FM Property			CO Property			DST Properties			Buchanan Property			Total
Principal amount of loans	$	4,500,000		$	21,000,000		$	26,550,000		$	22,495,184		$	9,600,000		$	84,145,184
Less: Deferred financing costs, net of accumulated    amortization of $81,181		(61,682	)		(166,872	)		(221,196	)		(303,146	)		(88,719	)		(841,615	)
Loans payable, net of deferred financing costs and amortization	$	4,438,318		$	20,833,128		$	26,328,804		$	22,192,038		$	9,511,281		$	83,303,569

Schedule of Future Principal Payment Due under Loan Agreements

The following table presents the future principal payments due under the Company’s loan agreements as of June 30, 2020:

Year	Amount
2020 (remaining)	$	—
2021		—
2022		—
2023		—
2024		—
Thereafter		84,145,184
Total	$	84,145,184